What is the best business structure for gift basket business startup?

In: Small Business and Entrepreneurship

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Answer

Assuming the the business is within USA:

Sole-Proprietorship (quickest, simplest, least-expensive, most risk)

LLC (sweet spot between simplicity, cost and protection)

S-Corp (Planning on expanding later, adding investors to roster, selling to government etc. - this is the way to go. This is still much light-weight than a traditional corporation - the C Corp).

So, if you are just testing waters, try Sole.. (or partnership)

If you are fairly confident to stay in business for a while, LLC or S-Corp.

First answer by ID1224043298. Last edit by ID1224043298. Question popularity: 14 [recommend question]

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B2B (marketing term)
Business Gift (business term)

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